Media Mention | Reuters | 01 February 2024
Evergrande liquidation: importance of a concrete restructuring plan
Hogan Lovells Hong Kong partners Jonathan Leitch and Byron Phillips have been quoted by Reuters, Bloomberg, SCMP and other media outlets, sharing their insights on the recent Evergrande liquidation order.
Marking the biggest-ever liquidation in Hong Kong, the Court indicated “enough was enough” and in the absence of a viable restructuring plan, the interests of creditors will be better protected if the Company is wound up by the Court.
The baton now passes to the liquidators to see if the company can put forward and implement a restructuring which was previously thwarted by regulatory hurdles.
Hogan Lovells Restructuring & Special Situations team brings the full spectrum of debt finance, restructuring and litigation capability. The team works seamlessly to provide strategic advice and pragmatic solutions in complex situations.
Being one of the handful of approved joint ventures between a foreign law firm and a Chinese law firm in the Shanghai Free Trade Zone, Hogan Lovells Fidelity has the ability to commence and pursue legal proceedings in China with support from our Chinese law qualified litigation colleagues. We have an extensive record representing major parties in litigation relating to insolvency cases and other debt-related issues.
For information about our Hogan Lovells Fidelity office and team, click here.
Related articles:
China Evergrande Creditors Face a Daunting Task to Recover Money - Bloomberg
Hong Kong Court Has Had ‘Enough’, Orders China Evergrande to Liquidate | Law.com International
Evergrande case could test China-Hong Kong insolvency arrangement - Nikkei Asia
Lessons of the Evergrande liquidation judgment | Global Turnaround
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